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2531 187th PL SE, Bothell, WA
Investor / Developer Opportunity! Value is in the land. This 1,817 sq ft single-family home featuring 3 bedrooms and 2.5 baths sits on a prime 1 acre parcel that is fully approved for a 6-lot subdivision—offering a rare, shovel-ready development opportunity. All permits, engineering, and plans are in place, allowing for a seamless transition to construction and significantly reducing timeline, risk, and holding costs. The existing home provides potential interim rental income. Ideally located in a desirable and rapidly growing area, the property is surrounded by established neighborhoods with convenient access to schools, shopping, dining, and major commuter routes. Opportunities like this—where approvals are already secured—are increasingly hard to find. Bring your vision and capitalize on this ready-to-build development site!
Property Type
Single Family
Year Built
1979
Lot Size
1.02 acres
Price / Sqft
$985
Full Baths
2
Half Baths
1
Subdivision
North Creek
MLS #
NWM158026056
Listing Type
Residential
Market
NWMLS
District
Northshore
Elementary
Fernwood Elem
Middle
Skyview Middle School
High School
Northshore Home Sc N
2531 187th PL SE, Bothell, WA 98012 — Snohomish County
Yalamanchili Venkata
Kelly Right RE of Seattle LLC
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How this home compares across city, state, and national benchmarks
Listed at $1,800,000, this 3-bed house in Bothell is 107% above the Census median home value of $871,300 for Bothell. Compared to 80 other 3-bed homes in Bothell (averaging $933,512), this property is 93% above average. Washington's median home value is $396,924, putting this listing 353% above the state benchmark. The U.S. national median home value is $334,900.
Where this listing falls among 241 homes for sale
Above Average
Standard
Bothell has a population of 48,610 with a median household income of $132,232 and a homeownership rate of 63.2%. The median home value is $871,300 and the median rent is $2,295/mo.
Sources: U.S. Census Bureau ACS 2023, Fizbo listing data